Estate Planning
One of the first questions that a senior is generally asked when they enter a hospital or long-term care facility is whether they have a living will in place that specifies their wishes for healthcare. If the senior does not have one but wants to make his or her wishes known, he or she will…
Read MoreBy North Carolina Trust and Estates Lawyer, Dennis Toman Death or incapacity can creep up on anyone. If you’re not prepared, your family could bear a heavier burden when handling your estate or financial affairs. Here are five tips to help everyone lighten the load. Make an Estate Plan One of the most important things…
Read MoreWhen done properly, an estate plan affords peace of mind to those creating it and leaves behind a legacy for their descendants. But sometimes estate planning can go awry – and it’s usually due to eccentricities held by either the creators of the estate plan, the beneficiaries, or both. To give a good idea of…
Read MoreYou’ve most likely seen articles and news segments about cryptocurrency. The most popular form is Bitcoin, but there are several others on the horizon. For the uninitiated, cryptocurrency is a digital or virtual currency that uses cryptography for security, making it difficult to counterfeit. One of the main reasons why people and investors like cryptocurrencies…
Read MoreCreating a revocable living trust is one of the best strategies for avoiding probate and leaving a lasting legacy for your family. However, the true protection afforded by a trust does not come after all the documents are signed – trusts need to be fully funded in order to make a real impact on your…
Read MoreEveryone has heard of the financial scams that target vulnerable seniors, even right here in North Carolina. Seniors are a common target for these scams because they often suffer from cognitive impairments that reduce their ability to discern legitimate requests from those that are not. One common situation is when a scam artist calls an…
Read MoreAs circumstances change and life throws new challenges our way, it’s important to take a look at your future plans and make sure they still match your wishes. This means examining your existing estate plan and making changes if necessary, which is especially true for your revocable living trust. As the name suggests, a revocable…
Read MoreCreating a revocable living trust is one of the best strategies for avoiding probate and leaving a lasting legacy for your family. However, the true protection afforded by a trust does not come after all the documents are signed – trusts need to be fully funded in order to make a real impact on your…
Read MoreAs circumstances change and life throws new challenges our way, it’s important to take a look at your future plans and make sure they still match your wishes. This means examining your existing estate plan and making changes if necessary, which is especially true for your revocable living trust. As the name suggests, a revocable…
Read MoreRevocable Living Trusts are designed to serve a variety of functions, such as providing individuals with greater control over how their assets and property are handled in the event of incapacitation or death, while also sparing loved ones from having to deal with the costs and delays of probate court. When a Revocable Living Trust…
Read MoreStay up to date with elder law news
Sign up to receive The Elderlaw Firm Newsletter